Apple's daily profit is $125 million!

Amazing detail from Horace Dediu of Asymco: Apple, a hardware company, has better margins than Microsoft, a software company, and Google, an internet company

Apple sold almost exactly as many iPhones per week this quarter as it did during the holiday quarter

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This is truly astounding. Apple's December quarter had an extra week, which means it sold about 2.2 million iPhones per week on average (with the channel inventory factored in). In Apple's March quarter, it sold just more than 2 million iPhones per week on average! Think about that! During the holidays, after Apple just released a brand new iPhone, sales were just as strong the next quarter.

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Apple now has $110 billion in cash on hand. That's $35 billion more than what Facebook initially valued itself at in talks with Instagram.